CenterPoint Energy (LTS:0HVF) Interest Expense : $-755 Mil (TTM As of Mar. 2024)

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What is CenterPoint Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CenterPoint Energy's interest expense for the three months ended in Mar. 2024 was $ -204 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-755 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CenterPoint Energy's Operating Income for the three months ended in Mar. 2024 was $ 616 Mil. CenterPoint Energy's Interest Expense for the three months ended in Mar. 2024 was $ -204 Mil. CenterPoint Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 3.02. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CenterPoint Energy Interest Expense Historical Data

The historical data trend for CenterPoint Energy's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CenterPoint Energy Interest Expense Chart

CenterPoint Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-567.00

-529.00

-524.00

-701.00

CenterPoint Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-150.00	-167.00	-183.00	-201.00	-204.00

CenterPoint Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-755 Mil.

CenterPoint Energy (LTS:0HVF) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CenterPoint Energy's Interest Expense for the three months ended in Mar. 2024 was $-204 Mil. Its Operating Income for the three months ended in Mar. 2024 was $616 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $18,117 Mil.

CenterPoint Energy's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	616	/	-204
	=	3.02

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CenterPoint Energy Inc interest coverage is 2.43, which is low.

CenterPoint Energy (LTS:0HVF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CenterPoint Energy Inc (LTS:0HVF) » Definitions » Interest Expense

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Traded in Other Exchanges

CNP:USA HOU:Germany

Address

1111 Louisiana, Houston, TX, USA, 77002

Website

https://www.centerpointenergy.com

CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio. The company has natural gas distribution systems in six states serving approximately 4 million customers.

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